Inflation biggest worry, Kansas City Fed chief says

WASHINGTON (MarketWatch) - Inflation is the biggest concern in the wake of the two hurricanes that struck the Gulf Coast, said Thomas Hoenig, the president of the Kansas City Fed. "The U.S. economy, I think, will weather this disaster. We will see improvement in growth as we go in to 2006," he said in a speech Wednesday in Casper, Wy. "The main concern I have is actually for inflation. I'm not concerned it will have this massive break out" but prices are clearly being pressured higher right now, he said, according to newswire reports.

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